Stock Report

Tata Housing expands Smart Value Homes' portfolio

Posted On : 2012-02-29 07:50:15( TIMEZONE : IST )

Tata Housing Development Co. Ltd. announced its foray into the Gujarat market with the launch of Shubh Griha, Tata Housing's iconic value-housing pan-India brand in Ahmedabad.

The project will be jointly developed with Arvind Real Estate, under the banner of Arvind and Smart Value Homes LLP, a special purpose vehicle (SPV) created to develop a mega integrated sustainable green township, spread across 135 acres.

Shubh Griha, a part of integrated township project, designed by internationally renowned architectural firm HoK of Toronto is planned taking inspiration from the architecture of Gujarat. The project will become a benchmar infrastructure project in Gujarat. The project will follow an integrated sustainable township approach and is conceptualized by Tata Housing with a vision to create a positive ecosystem for the neighborhood and the community.

The new and enhanced Shubh Griha at Ahmedabad will not just be painted with colours but with the hues of Gujarat. Every little amenity has been planned in keeping in mind the Gujarat way of life. Strategically located on Vadsar-Kalol Road, near Arvind Mills campus, the project offers all the essential amenities that will uplift the quality of life of residents of Gujarat. Shubh Griha Ahmedabad will offer 1 RK, 1BHK and 1.5 BHK apartments priced between Rs.7.92 lakh to Rs.12.33 lakh.

The Arvind Ltd. stock closed the day at Rs.86.25, up by Rs.1.25 or 1.47%. The stock hit an intraday high of Rs.88.80 and low of Rs.83.60.

The total traded quantity was 21.25 lakhs compared to 2 week average of 14.92 lakhs.

Source : Equity Bulls